Question
A U.S. Treasury bill with 182-day maturity sells at a bank discount yield of 7 percent. a. What is the price of the bill? (Do
A U.S. Treasury bill with 182-day maturity sells at a bank discount yield of 7 percent.
a. What is the price of the bill? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit $ sign in your response.)
Price of the bill $
b. What is the 182-day holding period return of the bill? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Holding period return of the bill %
c. What is the bond equivalent yield of the bill? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Bond equivalent yield of the bill %
d. What is the effective annual yield of the bill? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Effective annual yield of the bill %
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